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Is It Finally Safe to Buy Snap Stock?

TheMotleyFool

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Snap's (NYSE: SNAP) stock soared nearly 40% on April 22 after the social media company posted impressive first-quarter numbers. Snap's revenue rose 44% annually to $462 million, beating expectations by $42 million, as its net loss narrowed from $310 million to $306 million.

Its adjusted EBITDA loss narrowed from $123 million to $81 million, or a non-GAAP net loss of $0.08 per share, which matched analysts' expectations. Do those growth rates indicate it's finally safe to buy Snap's stock, which finally reclaimed its IPO price of $17 after its latest rally?

Image source: Getty Images.

Source Fool.com

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